Vetr upgraded shares of Sirius XM Holdings Inc. (NASDAQ:SIRI) from a buy rating to a strong-buy rating in a report issued on Monday, July 24th. They currently have $6.06 price objective on the stock.
Several other equities research analysts have also recently issued reports on SIRI. Macquarie restated an outperform rating and set a $5.85 price objective on shares of Sirius XM Holdings in a research report on Thursday, April 13th. Morgan Stanley cut shares of Sirius XM Holdings from an equal weight rating to an underweight rating and set a $4.80 price objective for the company. in a research report on Wednesday, April 19th. Barclays PLC restated an underweight rating and set a $4.50 price objective (down from $4.90) on shares of Sirius XM Holdings in a research report on Monday, May 1st. Bank of America Corporation restated a buy rating and set a $5.50 price objective on shares of Sirius XM Holdings in a research report on Friday, June 16th. Finally, BidaskClub upgraded shares of Sirius XM Holdings from a buy rating to a strong-buy rating in a research report on Saturday, July 1st. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and a consensus target price of $5.73.
Shares of Sirius XM Holdings (NASDAQ SIRI) traded up 1.27% during mid-day trading on Monday, reaching $5.57. 18,455,792 shares of the company’s stock traded hands. Sirius XM Holdings has a 12-month low of $4.05 and a 12-month high of $5.89. The company’s 50 day moving average is $5.48 and its 200 day moving average is $5.15. The company has a market cap of $25.69 billion, a P/E ratio of 32.76 and a beta of 1.11.
Sirius XM Holdings (NASDAQ:SIRI) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.04 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.04. Sirius XM Holdings had a net margin of 15.47% and a negative return on equity of 99.07%. The firm had revenue of $1.35 billion during the quarter, compared to analysts’ expectations of $1.32 billion. During the same period last year, the business earned $0.04 earnings per share. Sirius XM Holdings’s revenue was up 9.1% compared to the same quarter last year. On average, analysts predict that Sirius XM Holdings will post $0.18 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Thursday, August 10th will be paid a $0.01 dividend. The ex-dividend date of this dividend is Tuesday, August 8th. This represents a $0.04 dividend on an annualized basis and a yield of 0.72%. Sirius XM Holdings’s dividend payout ratio is currently 25.00%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Miracle Mile Advisors LLC increased its position in shares of Sirius XM Holdings by 1.5% in the first quarter. Miracle Mile Advisors LLC now owns 19,880 shares of the company’s stock worth $102,000 after buying an additional 300 shares in the last quarter. Pitcairn Co. increased its stake in shares of Sirius XM Holdings by 1.3% in the second quarter. Pitcairn Co. now owns 18,708 shares of the company’s stock valued at $102,000 after buying an additional 237 shares in the last quarter. Altfest L J & Co. Inc. bought a new stake in shares of Sirius XM Holdings during the first quarter valued at $105,000. Greenwich Wealth Management LLC bought a new stake in shares of Sirius XM Holdings during the first quarter valued at $108,000. Finally, Concorde Asset Management LLC bought a new stake in shares of Sirius XM Holdings during the first quarter valued at $128,000. Institutional investors own 22.30% of the company’s stock.
Sirius XM Holdings Company Profile
Sirius XM Radio Inc broadcasts its music, sports, entertainment, comedy, talk, news, traffic and weather channels in the United States on a subscription fee basis through its two satellite radio systems. Subscribers can also receive certain of its music and other channels over the Internet, including through applications for mobile devices.
To view Vetr’s full report, visit Vetr’s official website.
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